Assetmark Inc. Has $730,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

Assetmark Inc. increased its stake in Welltower Inc. (NYSE:WELL) by 162.8% in the third quarter, Holdings Channel.com reports. The firm owned 5,703 shares of the real estate investment trust’s stock after purchasing an additional 3,533 shares during the quarter. Assetmark Inc.’s holdings in Welltower were worth $730,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WELL. Fortitude Family Office LLC raised its position in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Old North State Wealth Management LLC boosted its stake in Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after buying an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC grew its stake in Welltower by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after purchasing an additional 82 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Welltower by 2.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 94 shares during the period. Finally, GHP Investment Advisors Inc. increased its holdings in Welltower by 14.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 96 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

NYSE:WELL opened at $136.02 on Friday. The company has a market cap of $84.70 billion, a P/E ratio of 89.49, a P/E/G ratio of 3.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a one year low of $85.40 and a one year high of $140.19. The firm’s fifty day moving average price is $129.98 and its two-hundred day moving average price is $115.10.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis. Equities analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, November 13th. Welltower’s dividend payout ratio is presently 176.32%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada upped their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Evercore ISI boosted their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $116.68.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.